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Mindtree wins 2009 CIO 100 award

Also receives a special award for innovation

September 22, 2009 - Bangalore, INDIA

MindTree Limited, a global IT Solutions Company, announced today that it is a winner of the 2009 CIO 100 award instituted by IDG India's CIO magazine. The annual award program recognizes organizations that exemplify the highest level of operational and strategic excellence in information technology. This year's award theme was 'The Ingenious 100', which recognized CIOs and organizations who in tough global conditions found ingenious solutions to take business forward through the use of information technology. MindTree also won a special award for innovation.

MindTree was recognized by CIO magazine for the successful implementation of its project that facilitated a 'Zero Travel Annual Plan Meeting'. In an effort to cut costs, MindTree deployed a technology solution that enabled the company to hold its annual strategy meeting with the participation of its leaders from around the world without the need to travel. The solution deployed was a combination of Microsoft OCS Live meeting, Tata Communications audio bridge and audio/video equipment. With 120 people participating in the strategy meeting from 14 different cities around the world over a six-day period, MindTree's Computer Information Systems (CIS) team created a solution that included any-to-any communication, parallel tracks and was cognizant of different time zones. Also, to ensure that the flow of the meeting was not disrupted, CIS de-risked the technology so that failures would not occur during the important sessions.

"This award is a true tribute to our CIS team's meticulous planning and orchestration of the solution for our annual planning event," said MindTree Chief Information Officer Sudhir Kumar Reddy. "The event turned out to be one of the most productive planning sessions we have ever had. We realized significant cost savings, too, and further anticipate additional savings due to the rapid adoption of the solution throughout our organization."

"The Ingenious 100 honorees stand out because they have beaten the odds in challenging business climates," said IDG India Editor-in-Chief Vijay Ramachandran. "The CIOs leading these projects are smart, inventive and determined - I offer them my best wishes."

The 2009 CIO 100 awards were presented by renowned IT visionary Kiran Karnik at Goa in a glitzy ceremony on September 5. For more information on the awards, please visit www.cio100.in.

About CIO 100

CIO magazine has a long and proud tradition of honoring leading companies for business and technology leadership and innovations through its premiere award program - CIO 100. Now in its 21st year in the USA, it is an acknowledged mark of enterprise IT excellence. It's a celebration of 100 organizations (and the people within them) that are using information technology in innovative ways to deliver business value, whether by creating competitive advantage, optimizing business processes, enabling growth or improving relationships with customers. Hosted in countries such as Canada, Sweden, Australia, Singapore, Vietnam, Hungary and India, the CIO 100 Awards is a truly global recognition. It is an acknowledged mark of excellence in enterprise IT. According to a survey by PR Week magazine, CEOs named CIO 100 among the top 10 most influential corporate scorecards anywhere, compiled by any publication or organization.

Safe Harbor

Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause our actual results to differ materially from those in such forward-looking statements. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.

About Mindtree

MindTree Ltd. is a global IT Solutions company specializing in IT Services, Independent Testing, Infrastructure Management and Technical Support (IMTS), Knowledge Services and Product Engineering, which comprises of R&D Services and Software Product Engineering. MindTree partners with its clients to create a transparent, value-based relationship. Our people build innovative solutions in a wide range of technology domains that enable our customers to succeed in their business goals.

MindTree was ranked 45th among the leaders in The 2009 Global Outsourcing 100 by the International Association of Outsourcing Professionals. Widely known for its focus on human capital development, MindTree has been consistently rated among the most admired employers by several industry surveys, including Great Places To Work Institute, Hewitt Associates and Mercer. MindTree was ranked No. 1 among the Most Admired Knowledge Enterprise (MAKE) India Award winners for the second consecutive year in 2008. MindTree is the winner of the National Award for Excellence in Corporate Governance in India in 2007-08. The Company is publicly listed in India. Please visit us at www.mindtree.com.

Visit us at www.mindtree.com. For more information, contact:

Ashwini Rajeswara
MindTree Limited
91-80-67064000
ashwini_rajeswara@mindtree.com

Jay Russo
LVA Communications
860-739-5598
jay@lva.com